Sensex closes in green, blue-chips rally on continued foreign inflows

The BSE Sensex edged higher on Monday as blue chips gained on continued foreign inflows despite last week’s decision by the Federal Reserve to start reducing its bond purchases, although a fall in Infosys capped broader gains.

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Shares in Infosys provisionally fell 2.5 percent after the head of some key business units, V. Balakrishnan, offered to resign, marking the latest departure from a top executive since co-founder Narayana Murthy returned as executive chairman.

The Sensex provisionally closed 0.1 percent higher and the Nifty gained 0.16 percent.

Blue chips such as ITC gained, supported by continued foreign inflows, while real estate developers like DLF closed higher on value-buying.

Reuters